kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Kuwait Petroleum Int'l, Japan's Idemitsu to establish Vietnam oil sales JV

Arab Today, arab today

Arab Today, arab today Kuwait Petroleum Int'l, Japan's Idemitsu to establish Vietnam oil sales JV

Kuwait Petroleum International
Tokyo - WAM

State-run Kuwait Petroleum International (KPI) and Japan's leading refiner Idemitsu Kosan Co. have applied for registration of a joint venture company in Vietnam to sell petroleum products in the Southeast Asian country, Idemitsu announced in a statement.

"KPI and Idemitsu intend to promote retail and wholesale operations, mainly through the construction and management of service stations across Vietnam," the Tokyo-based firm said in a statement carried by Kuwait News Agency, KUNA. The joint venture, called Idemitsu Q8 Petroleum LLC, will be the first wholly foreign-owned firm in the oil product distribution and retail sectors in Vietnam.

"Through the establishment of a petroleum product distribution company, KPI and Idemitsu will achieve a stable supply of products to the growing Vietnamese market, where demand for petroleum products is expected to follow a steady upward trend, thereby contributing to the social and economic development of Vietnam," said Idemitsu.

The two companies are major investors in the Nghi Son Refinery and Petrochemical LLC, which is constructing Vietnam's second oil refinery to be operational in 2017, according to Idemitsu. The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical Project is 35.1 percent evenly owned by KPI and Idemitsu., 25.1 percent by state-owned PetroVietnam and 4.7 percent by Japan's Mitsui Chemicals Inc.

KPI's parent company Kuwait Petroleum Corporation (KPC) will supply all the feedstock for the facility, which will also include petrochemical units, energy facilities, a pipeline and storage systems, along with an information management system.

Source :WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv

 



GMT 06:52 2014 Monday ,13 January

Contemporary renovation of residence in Austin

GMT 22:45 2017 Sunday ,01 October

Saudi Arabia raises $12.5bn in new bond sale

GMT 23:21 2017 Tuesday ,11 July

Australia expands sanctions on Iran

GMT 17:31 2016 Thursday ,29 December

Kuwait Oil Price up USD 1.04 to USD 51.90 Pb

GMT 10:10 2016 Wednesday ,05 October

Powerful typhoon Chaba barrels toward Japan

GMT 06:37 2017 Friday ,13 October

Palestinian joy, doubt at reconciliation deal

GMT 19:46 2018 Wednesday ,05 December

Bahrain press headlines For 5 December 2018

GMT 20:48 2014 Sunday ,21 September

Second apparent leak of hacked celebrity nude pictures

GMT 15:57 2013 Thursday ,19 September

Australia grants highest certification to CAE simulator

GMT 18:18 2011 Friday ,29 April

India rejects Russia\'s fighter jet bid

GMT 01:40 2017 Tuesday ,07 February

Over 10.6 million children were vaccinated in Pakistan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday